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Investment Market Update

World markets

asia

Asian stocks advanced with materials and financial companies leading a rebound from Monday’s selloff. Japanese shares climbed the most in two weeks as the yen tempered its strength against the dollar.

us

US stocks fell, dropping for a 7th day in 8, after President Trump and House Republicans failed to pass his health-care bill, undermining optimism he can enact his promised growth policies.

uk

UK stocks fell and the pound hit a seven-week high against the dollar as the US currency weakened following the defeat of President Trump's healthcare reforms.

Headlines

American Airlines and China's biggest carrier by passengers, China Southern, have agreed a strategic partnership. The US airline will buy £159m worth of shares in the Chinese firm and the two will "seek to increase cooperation".

Tesco has agreed to pay a fine of £129m to avoid prosecution for overstating its profits in 2014.

Market data

Price

1d

YTD

2016

UK (£)

FTSE 100

7,293.50

-0.6%

2.1%

14.4%

FTSE 250

18,900.01

-0.4%

4.6%

3.7%

FTSE All Share

3,972.73

-0.6%

2.6%

12.5%

FTSE Small Cap

5,355.72

-0.4%

4.1%

11.0%

St. James's Place

1,057.00

-0.4%

4.2%

3.9%

Europe (€)

Euro Stoxx 600

375.01

-0.4%

3.8%

-1.2%

DAX 30

11,996.07

-0.6%

4.5%

7.0%

CAC 40

5,017.43

-0.1%

3.2%

4.9%

US (US$)

S&P 500

2,341.59

-0.1%

4.6%

9.5%

Dow Jones Ind

20,550.98

-0.2%

4.0%

13.4%

NASDAQ

5,840.37

0.2%

8.5%

7.5%

Asia

Hang Seng

24,329.50

0.6%

10.6%

0.4%

Nikkei 225

19,186.56

1.1%

0.4%

1.8%

Australia 200

5,821.20

1.3%

2.7%

7.0%

MSCI AC Asia Pacific

147.52

-0.4%

9.2%

2.3%

World (US$)

MSCI World (Developed)

1,845.15

0.0%

5.4%

5.3%

MSCI AC World (Dev & Em)

447.40

-0.1%

6.1%

5.6%

MSCI Emerging Markets

965.71

-0.4%

12.0%

8.6%

MSCI AC World Value

201.93

-0.2%

3.9%

9.5%

MSCI AC World Growth

233.67

0.0%

8.4%

1.8%

Fixed Income

FTSE Gilts All Stocks

3,561.88

0.2%

1.1%

8.5%

FTSE Index Linked All Stocks

644.56

0.4%

1.2%

21.2%

ML Sterling Corporate Bonds

387.17

0.2%

1.6%

10.7%

ML Global High Yield Bonds

351.61

0.1%

2.7%

15.0%

Commodities (US$)

Brent Crude Oil

50.75

-0.1%

-12.6%

23.4%

Gold

1,253.90

0.5%

8.7%

8.6%

UK Sectors

Basic Materials

5,221.30

-3.1%

3.4%

93.9%

Consumer Goods and Services

21,973.60

-0.3%

11.6%

9.6%

Financials

4,893.60

-0.7%

2.4%

8.6%

Health Care

10,552.79

0.6%

6.8%

5.8%

Industrials

3,972.73

-0.6%

2.6%

15.4%

Oil & Gas

7,747.39

-0.5%

-9.4%

54.2%

Technology

2,297.46

0.3%

14.8%

33.4%

Telecommunications

3,364.55

-0.4%

-0.4%

-14.7%

Utilities

8,861.65

0.3%

2.9%

2.5%

Currencies

$ per £

1.25

-0.4%

1.4%

-16.3%

€ per £

1.16

0.2%

-1.3%

-15.7%

¥ per £

139.16

0.2%

-3.7%

-22.7%

Indicators

VIX Index (Volatility)

12.50

-3.5%

-11.0%

-22.9%

Baltic Dry Index

1,282.00

3.4%

33.4%

101.1%

UK Rates

BoE Base Rate

0.25%

LIBOR (3 months)

0.34%

Consumer Price Index

2.30%

Retail Price Index

3.20%

Yields / Ratios

FTSE 100 Adj P/E

26.57

FTSE All Share Adj P/E

24.52

FTSE All Share Yld

4.38%

15yr Gilt Yield

1.52%

10yr Gilt Yield

1.17%

10yr US Tres Yield

2.38%

Market prices will reflect the last closing prices with the exception of the Asian markets which may be still trading at the time the data is obtained. The data for these markets is therefore a snapshot of live trading data obtained between 06.45 and 07.15 GMT. Growth is shown cumulative and is not annualised. A positive currency movement indicates the £ appreciating against the other currency. Performance data does not account for the re-investment of dividends. This information has been reproduced by kind permission of Bloomberg and does not necessarily reflect the opinions of St. James's Place Wealth Management. St. James's Place considers the information to be reliable but it is not intended to provide a sufficient basis on which to make an investment decision.

Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

The Partner Practice represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the Group's wealth management products and services, more details of which are set out on the Group's website www.sjp.co.uk/about-st-james-place/our-business/our-products-and-services. The 'St. James's Place Partnership' and the titles 'Partner' and 'Partner Practice' are marketing terms used to describe St. James's Place representatives. Queens Square Wealth Management Ltd is registered in England and Wales, Number 7360700. Registered Office: 3 Kingsmead Terrace, Bath, BA1 1UX.

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Important notice

Although the content of the article(s) archived were correct at the time of writing, the accuracy of the information should not be relied upon, as it may have been subject to subsequent tax, legislative or event changes.